Business Directories

Bahrain-based Securities & Investment Company (Sico) has posted a net profit of BD5.4 million ($14.2 million) for fiscal year 2014 as against BD4.9 million for 2013, marking an increase of 11.3 per cent.
Operating income grew

The Fixed Income Fund of Bahrain’s Securities & Investment Company (Sico) delivered a return of 8.7 per cent compared with 6.9 per cent by its benchmark, the Barclays Emerging Markets GCC Bond Index in its first full year of operations

ADS Securities, a leading independent forex trading services company in the Middle East, has appointed Iskandar Najjar, the former CEO of Alpari ME, as the managing director for the region.
In his new role, Naj

Abu Dhabi Securities Exchange (ADX) has signed an agreement paving the way for bonds and other debt instruments to be listed and traded through the bourse, it said in a statement on Sunday.
The introduction of debt listing and tra

EFG Hermes, a leading investment bank in the Arab world, has appointed HC Securities and Investment as the independent financial advisor (IFA) to opine on the fair value of the stock and the fairness of the offer.

Dubai Financial Market (DFM) , the emirate's main stock exchange, has issued rules allowing the lending and borrowing of securities, part of efforts to make the market more flexible ahead of an influx of foreign funds.
Lending

Dubai Financial Market (DFM) has accredited ‘Al Ramz Securities’ to provide direct market access (DMA) for global brokers.
This accreditation takes the number of DMA service providers to six, while the exchange is curr

Dubai Financial Market (DFM) has accredited ‘Mashreq Securities’ to provide Direct Market Access (DMA) for global brokers.
This accreditation has lifted the number of DMA service providers to five brokerage firms, said

Bank Muscat plans to exit its 45.7 per cent stake in an Indian securities firm, Oman's top lender said in a statement on Sunday.
The bank is considering various exit options for its stake in Mangal Keshav Securities, including

Boeing recently hosted a forum for experts in aircraft-backed securities which focused on in-depth exploration into aviation-related capital markets opportunities.
The Mideast-first event was backed by the National Bank of Abu Dha